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Martin Lewis issues warning to everyone considering an extended payment holiday
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dailyrecord.co.ukThe Financial Conduct Authority recently announced that payment holidays have now been extended until October 31. While on the face of it, that may seem like good news, money-saving expert, Martin Lewis, has been quite vocal on his website, social media channels and television about urging people to think carefully before taking one out on a mortgage, credit card, personal loan or car finance plan.
Almost 2 million mortgage payment holidays have been taken by customers struggling with their finances across the UK during the Covid-19 pandemic.
On top of that, trade association UK Finance members have offered 27 million interest-free overdraft buffers, provided 961,700 payment deferrals on credit cards and 688,900 payment deferrals on.
Read more on dailyrecord.co.uk
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